Impressive earnings momentum is expected for Tongcheng in FY24 and FY25. Record profit in FY23 demonstrates market share gains and first-time dividend payout reflecting management's confidence.
Boomeranged on Wed, 24 Apr 2024 08:39
According to www.fliggy.com, outbound travel bookings during the 5-day Labour Day holiday have doubled this year. This was achieved on a high base last year after the pandemic. The top three destinations are Japan, Thailand, and Hong Kong. Bookings for overseas car rentals have even surged by 4x. Tongcheng Travel and Trip.com, along with Air China, are the prime beneficiaries.
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